ICICI Bank RD Interest Rates 2026

A Recurring deposit is an investment cum savings option for those who want to save regularly over a certain period of time and earn a higher interest rate. It is a type of term deposit which allows one to save a fixed amount of money every month systematically. If you are familiar with SIP in Mutual Funds, RD works similarly in banking. Every month, a fixed amount of money is deducted either from a savings or a current account. And, at the end of the maturity, investors are paid back their invested money with accrued interest.

A user willing to open an RD account with ICICI Bank can choose any amount and term according to your convenience.

ICICI Bank RD Interest Rates 2026

ICICI Bank Recurring Deposit Rate of Interest (%p.a.) tenure wise.

Above 5 years upto 10 Years margin for SRC has been changed on 0.60%

Subject to revision without further notice.

ICICI Bank RD Account Penalty on Delayed Installment

If there is an delay in installments then a penalty is charged at monthly interest at the rate of INR 12 per INR 1000. Fraction of a month will be treated as full month for the purpose of calculating such interest. The total interest chargeable shall be recovered from the total amount of interest payable at the time of maturity.

ICICI Bank RD Account Premature Withdrawal

On pre-mature withdrawal of the Recurring/iWish deposits penalty will be levied on the rate applicable as per the table below:

Interest will be calculated at the rate applicable for the period the deposit has actually remained with ICICI Bank.

ICICI Bank RD Calculator

A Recurring Deposit calculator is a good way of calculating maturity amount on RD. You can follow this method to estimate your RD amount on maturity.

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Types of Recurring Deposit Offered by ICICI Bank

Currently, ICICI bank is offering two types of RD accounts-

1. Delightful Deposits

Buying latest gadgets, or pieces of designer jewellery is now easy. Delightful Deposits, which is a types of RD account helps you to save systematically every month for other luxuries. Also you get to experience attractive top-up offers from partners like Tanishq, Croma, Thomas Cook and more.

2. iWish – Flexible Recurring Deposit

It is a type of RD account offered by ICICI bank that doesn't charge any penalties for missed instalments. You can start with small amounts and experience the advantage of goal-based savings.

ICICI Bank RD Interest Rates for iWish

Tenure wise RD Interest Rates (% p.a.) for iWish:

Subject to revision without further notice.

ICICI BanK RD Account Features

ICICI bank RD accounts offer unique feature to the customers-

Minimum Balance

A user can deposit a minimum of INR 500 per month and thereafter, deposit in multiples of 100.

Nomination

One can nominate a single nominee to the RD account, whether held solely or jointly. To avail the nominee option, applicants are required to fill a form prescribed under the Banking Companies (Nomination Rules), 1985.

Period of Deposit

A user can make deposits for a minimum period of six months and thereafter in multiples of three months. The maximum tenure of Recurring Deposit would be of 10 years.

Also, one can avail loan against ICICI RD deposit.

Documents Required to Open ICICI RD Account

Identity Proof

• Passport
• PAN Card
• Voter ID card
• Driving licence
• Government ID card
• Senior citizen ID card

Address Proof

• Passport
• Telephone bill
• Electricity bill
• Bank statement with Cheque
• Certificate/ ID card issued by Post Office

Any other Identity proof or Address proof document can be submitted, subject to the Bank's satisfaction.

Eligibility

Resident Indians can open an RD account at ICICI Bank

Who to Apply for ICICI Bank RD Account?

There are three options to open RD account in ICICI Bank.

Visit Nearest Branch

One can directly visit the nearest ICICI bank branch to open the RD account.

ICICI Bank Internet Banking

• Log into www(dot)icicibank(dot)com using internet banking user ID and password
• Click on Open Fixed/Recurring deposit in 'My Accounts' section
• Click on open Recurring Deposit

ICICI Bank Mobile Application (iMobile)

• Log into iMobile using your four-digit login pin
• Click on the ‘Accounts & Deposits’ section and then click ‘Deposits (FD/RD)’ option
• Select ‘Open Recurring Deposit'.

Why Investing in SIP is Beneficial?

• Systematic Investment plan (SIP) is a way to put your money in mutual funds. Investment can be done on a periodic basis - daily, weekly, monthly or quarterly

• You need to deposit a small amount of money at every interval. The minimum amount can be as low as INR 500

• SIPs can help in all kinds of investment goals, whether short- or long –term, depending on the frequency of investment, funds chosen and other factors

• SIPs offer flexible instalment plans of daily, weekly, monthly, quarterly etc.

• Returns can be earned better here. The longer you invest via a SIP in mutual funds, especially in an Equity Fund, the higher are the chances to earn good returns

• To Cancel SIP, the investors can simply close their investment and withdraw their money without any penal charges

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